Mar­ket­place

The post EOFY slump sets in

Wheels (Australia) - - Contents -

HIGH­LIGHTS De­spite a gen­eral mar­ket down­turn, there were some seg­ment win­ners such as mi­cro cars (up 31.8%) on the back of Kia Pi­canto, small SUVS (3.4%) driven by Mazda CX-3, Nis­san Qashqai and Mit­subishi ASX, re­spec­tively, 4x4 utes (6.4%) – Toy­ota Hilux and Ford Ranger topped the to­tal mar­ket yet again – and up­per large SUVS (4.1%) on the strength of the Toy­ota Landcruiser.

LOWLIGHTS: In text­book post-eofy fash­ion the to­tal mar­ket vol­ume fell, by 34 per­cent, from 130,300 units to 85,551 in the wake of the rush to June 30. Pas­sen­ger and SUV sales, not sur­pris­ingly, did the same, fall­ing 33 per­cent from 97,723 units to 65,172. Yet the fig­ures also rep­re­sent a de­cline of 7203 ve­hi­cles or 7.8 per­cent com­pared with July 2017, and the first time in 2018 that to­tal mar­ket sales have slipped be­low record-set­ting pace. The large (-53.6%), medium (-31.3%), sports (-38.2%) and up­per large (-46.1%) seg­ments brought most of the de­cline.

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